To an end last week came Japan's great attempt to stabilize the silk market in the same manner the U. S. Farm Board has attempted to stabilize grains and cotton. The great Japanese surplus of 108,000 bales (14,144,000 Ib.) which has overhung the world's silk markets for many months was sold to E. Gerli & Co., Manhattan silk commission merchants, for $16,320,000, a sum which will come in handy for the war-worried Japanese Government. The price came to $150 a bale against an open market price of...
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